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moving developments today in britain as well. the murdoch phone hacking scandal has claimed its first public official. we'll have much more on that story right after this short break. to use legalzoom for important legal documents. so start your business, protect your family, launch your dreams. at legalzoom.com we put the law on your side. launch your dreams. discover customersl are getting five percent cashback bonus at the pump... and at many of the places their summer plans take them. it pays to switch, it pays to discover. >>> all right. the murdoch phone hacking scandal has claimed its first public official now. a short time ago, britain's top cop suddenly resigned. his resignation comes on the same day police arrested a top murd murdoch executive. atika shubert, why did the commissioner of britain's metropolitan police suddenly resign? >> well, he said basically that he had done nothing wrong but that there had been such intense scrutiny over the relationship between metropolitan police officers and "news of the world" executives that he felt it was best for him to resign, to k
phone hacking scandal in britain has claimed its first public official. just hours ago, britain's top cop suddenly resigned. his resignation comes on the same day police arrested a top murdoch executive. let's bring in cnn's atika shubert. atika, is there a connection between the resignation and the arrest of that top murdoch executive? >> well, there are basically two different strands of the same scandal. in the place of sir paul stevenson, the topmost senior police officer here in britain, he basically resigned because of increasing intense scrutiny over the relationship between the metropolitan police and "news of the world." that tabloid that was shut down because of those phone hacking allegations. and basically there was a former "news of the world" editor, neil wallace, who it turns out was paid by the metropolitan police to be a communications consultant. sir paul stevenson was taking a lot of flak for that. now, he resigned saying he feels he's done nothing wrong, his integrity is intact, he says. however, he does feel that these allegations are distracting from the metropol
to push their economies forward. they have had patterns of much more stagnation. >> britain, for instance. >> looking at britain, for example. we've done this experiment in the united states. for the first term of his presidency, franklin roosevelt focused on getting the economy to grow and the economy enjoyed rapid growth from the floor of the depression. in 1937 he turned his attention to deficit cutting. by the time you got to the 1940 election, unemployment was over 14%. it's very important to avoid an excessively rapid move away from maintaining demand in a situation like this. >> what do you say to people who say, well, this is temporary. you're going to do it for another year and then the money will run out. the long-term solution has got to be that you'd stimulate business investment. that you'd stimulate private sector, and to do that, you need businesses to feel more confident and comfortable with the economy and the government. you've heard this many times. >> i indeed heard it many times. the most important thing that makes businesses confident is a thick order book. the most
Search Results 0 to 7 of about 8 (some duplicates have been removed)